Prices and information under imperfect competition
UNSPECIFIED. (1999) Prices and information under imperfect competition. SCOTTISH JOURNAL OF POLITICAL ECONOMY, 46 (3). pp. 245-259. ISSN 0036-9292Full text not available from this repository.
Imperfectly competitive product markets cannot be informationally efficient as private information has strategic implications interfering with price adjustment. This is illustrated in a duopoly model with sequential price setting where private information either leads to prices not being adjusted to all available information or to adjusted but biased prices.
|Item Type:||Journal Article|
|Subjects:||H Social Sciences > HC Economic History and Conditions
J Political Science > JA Political science (General)
|Journal or Publication Title:||SCOTTISH JOURNAL OF POLITICAL ECONOMY|
|Publisher:||BLACKWELL PUBL LTD|
|Number of Pages:||15|
|Page Range:||pp. 245-259|
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